EXHIBIT 21.1

LIST OF SUBSIDIARIES⁽¹⁾

Dynamic Elite International Limited, a British Virgin Islands Company

Tianjin Junhe Management Consulting Co., Ltd., a company organized as a Wholly-Foreign Owned Enterprise under the laws of the PRC

Tianjin Joway Shengshi Group Co., Ltd., a PRC company

Liaoning Joway Technology Engineering Co., Ltd., a PRC company and wholly-owned subsidiary of Tianjin Joway Shengshi Group Co., Ltd.

Tianjin Joway Decoration Engineering Co., Ltd., a PRC company and wholly-owned subsidiary of Tianjin Joway Shengshi Group Co., Ltd.

Tianjin Oriental Shengtang Import & Export Trading Co., Ltd., a PRC company and wholly-owned subsidiary of Tianjin Joway Shengshi Group Co., Ltd.

(1) Please see the following chart for our corporate structure: